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INX:HAS, Apr 25, 02:46 UTC

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'Magic: The Gathering' Works Wonders For Hasbro

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The beat helped convince sell-side analysts that the disruption caused by the Toys R Us closure is over and CEO Brian Goldner’s turnaround is looking good. Pawtucket, Rhode Island-based Hasbro reported first-quarter earnings of 21 cents per share, nearly double the 11-cent Street estimate, showing unexpected profits when the company had led analysts to expect a small loss. “The Toys ‘R’ Us impacts are now over and we expect momentum to build,” Bolton Weiser said in a Wednesday note. But it may be a totally new “arena” for Hasbro that has analysts most excited. The new e-sports version of the “Magic the Gathering” card game is turning out to be a big hit for Hasbro’s entertainment, licensing and digital division, which saw net revenue increase by 24 percent in the first quarter.

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Tuesday, April 23


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Hasbro, Inc (INX:HAS) social chatter is higher than usual

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Hasbro CEO says toymaker's turnaround is on track for 2019 https://t.co/L6yUVtSIT4
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Hasbro CEO says toymaker's turnaround is on track for 2019

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Hasbro CEO says toymaker's turnaround is on track for 2019. Hasbro had "good growth" across multiple businesses in the first quarter and its gaming segment is gaining popularity, CEO Brian Goldner told CNBC on Tuesday. The toy and board game manufacturer reported earnings of 21 cents per share in its quarterly results, trouncing the 11 cents per share loss that analysts were expecting from the company. "We expected to see a turnaround in international markets and they were up ... So, overall feeling that we made that kind of progress that we wanted to make toward profitable growth for 2019."

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Why Hasbro, Kohl's, and Lockheed Martin Jumped Today

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Dan Caplinger, The Motley FoolMotley FoolApril 23, 2019, 8:31 PM GMT. Many high-profile companies gave their investors encouraging reports about how 2019 has gone so far and how they see the year continuing to shape up, and some favorable economic data also helped boost optimism. Some stocks saw much larger gains than the 0.6% to 1.3% rise in broad-based benchmarks. Most of those following the company had expected to see relatively weak results in the wake of the bankruptcy of toy retailer Toys R Us, but instead, Hasbro posted a 2% rise in sales and reversed a year-ago loss with a modest profit for the period. Kohl's CEO Michelle Gass argued that the program represents Kohl's efforts to bring "innovation to drive traffic to our stores and bring more relevance to our customers," but some are skeptical whether Amazon shoppers will want to shop at Kohl's department store locations rather than simply dropping off their returned items and leaving immediately.

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Hasbro, Twitter and Coca-Cola rise while Verizon falls

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Strong demand for water and soft drinks drove better-than-expected first quarter results for the world's largest beverage maker. The social media company added more users during the first quarter and revenue rose 18 percent, topping forecasts. The maker of Maytag, KitchenAid and other appliances beat first quarter profit forecasts as it raised prices to offset higher costs. The toy maker surprised Wall Street with a solid revenue and profit increase on the strength of its franchises, including Transformers and "Magic: The Gathering."

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Mid-Day Market Update: Hasbro Rises After Q1 Results; Emerge Energy Services Shares Slide

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Midway through trading Tuesday, the Dow traded up 0.37 percent to 26609.46 while the NASDAQ gained 0.77 percent to 8077.15. Meanwhile, top gainers in the sector included American Renal Associates Holdings, Inc. (NYSE: ARA) up 10 percent, and Community Health Systems, Inc. (NYSE: CYH) up 9 percent. Akari Therapeutics, Plc (NASDAQ: AKTX) shares got a boost, shooting up 29 percent to $4.31 after the company announced Phase 2 clinical data in orphan skin disease Bullous Pemphigoid showed no adverse events and rapid reduction in Disease A. Moleculin Biotech, Inc. (NASDAQ: MBRX) shares dropped 47 percent to $1.58 after the company priced 9.375 million units at $1.60 for its offering.

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Why Shares of Hasbro Soared Higher on Tuesday

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Lou Whiteman, The Motley FoolMotley FoolApril 23, 2019, 3:53 PM GMT. What happened. Shares of Hasbro(NASDAQ: HAS) jumped more than 14% on Tuesday after the toy maker reported a surprise first-quarter profit, putting a miserable 2018 in the rearview mirror. So what. On Tuesday morning, before markets opened, Hasbro reported a profit of $0.21 per share on revenue of $732.5 million, far better than the $0.10-per-share loss on revenue of $665.3 million that analysts had expected. "With most of the year ahead of us, we remain on track to deliver profitable growth for the full-year 2019." As Bumblebee fades, Hasbro has Avengers merchandise rolling out and expects continued growth from new Star Wars, Frozen, and Spider-Man movies slated to come out later in the year.

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Hasbro Stock Is Soaring Because It Beat the Toys ‘R’ Us Curse

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Hasbro stock was up more than 15% after the toy maker swung to a surprise profit in its first quarter and beat sales estimates, too.

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Hasbro Stock Soars After Toy Maker Beats the Toys ‘R’ Us Curse

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In the fourth-quarter reporting season, Hasbro and Mattel shares diverged on their results, although both are rising today on the strength of Hasbro’s quarter. On Tuesday morning, Hasbro said it earned 21 cents a share on revenue of $723.51 million, while analysts were looking for a loss of 11 cents a share on revenue of $665.96 million.

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Hasbro shares soar after revenue rises in the wake of Toys 'R' Us liquidation

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Hasbro Inc. shares soared 16% in Tuesday trading after the toy company reported a revenue rise despite continued grappling with the Toys 'R' Us liquidation. Chief Executive Brian Goldner said on the earnings call that Magic: The Gathering, Play-Doh, Transformers and Monopoly showed gains. "Point-of-sale comparisons will remain challenged through the first half of the year as Toys 'R' Us moved into liquidation in the U.S.," Goldner said, according to a FactSet transcript. "We were pleased to see revenue grow in the quarter, especially since last year's result included about $36 million of shipments to Toys 'R' Us and benefited from an early Easter," analysts said.

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